Common use of Reinstatement of Suspended Obligations Clause in Contracts

Reinstatement of Suspended Obligations. If Force Majeure declared under Section 19.01 has ceased, each of the Parties shall have the right to deliver Notice to the other Party declaring that such Force Majeure has ceased and the obligations of the Parties, if suspended in accordance with Section 19.01, shall be reinstated in full force and effect, and shall be enforceable as if such suspension had not occurred. In the event the receiving Party of the Notice disagrees that such Force Majeure has ceased, the Parties must follow dispute resolution processes outlined in Article 22 herein.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

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Reinstatement of Suspended Obligations. If Force Majeure declared under Section 19.01 16.01 has ceased, each of the Parties shall have the right to deliver Notice to the other Party declaring that such Force Majeure has ceased and the obligations of the Parties, if suspended in accordance with Section 19.0116.01, shall be reinstated in full force and effect, and shall be enforceable as if such suspension had not occurred. In the event the receiving Party of the Notice disagrees that such Force Majeure has ceased, the Parties must follow dispute resolution processes outlined in Article 22 21 herein.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

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Reinstatement of Suspended Obligations. If Force Majeure declared under Section 19.01 has ceased, each The obligations of the Parties suspended in accordance with Section 24.1shall be reinstated in full force and effect upon the cessation of Force Majeure giving rise to such suspension, and provided that this Agreement was not terminated in accordance with Section 24.1 or that there has been no other suspension based upon other events constituting Force Majeure. Each Party shall have the a right to deliver Notice to the other Party declaring Force Majeure ceased. The other Party shall have ninety (90) days following the receipt of such Notice to dispute it in writing, by serving the disagreement Notice stating (i) that such Force Majeure has ceased and the obligations of the Parties, if suspended in accordance with Section 19.01, shall be reinstated in full force and effect, and shall be enforceable as if such suspension had not occurred. In the event the receiving Party of the Notice disagrees that such Force Majeure has ceased, the Parties must follow dispute resolution processes outlined in Article 22 herein.and

Appears in 1 contract

Samples: Concession Agreement

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